fact sheet implats · 2021. 2. 19. · zimbabwe – the two most significant pgm-bearing ore bodies...
TRANSCRIPT
FACT SHEET
IMPLATS
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Implats is a leading producer of platinum group metals (PGMs). The Group is structured around six mining operations and Impala Refining Services (IRS), a toll refining business. Our operations are located on the Bushveld Complex in South Africa, the Great Dyke in Zimbabwe – the two most significant PGM-bearing ore bodies in the world – and the Canadian Shield, a prominent layered igneous domain. Implats has total attributable resources of 277 million 6E ounces and employs more than 50 000 people (including contractors) across its operations. In FY2020, the Group produced 2.8 million refined 6E ounces. Our markets are in South Africa, Japan, China, the US and Europe.
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Zimplats
Midlands
Mashonaland West
Manicaland
Mashonaland Central
MashonalandEast
MasvingoMatabeleland
South
Matabeleland North
Mimosaaa
Marula
Impala Rustenburg
Two Rivers
Limpopo
north West
SOUTH AFRICA ZIMBABWE CAnAdA
Canada
United States of America
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VALUE-FOCUSED STRATEGY
To sustainably improve its competitive position, profitability and financial returns, Implats has committed to a value-focused strategy across all operations. The Group is focused on reducing its exposure to higher-cost, labour-intensive operations to improve flexibility and capacity and sustainably generate attractive returns in a changing market and operating environment. Implats has, therefore, placed a strong emphasis on developing a portfolio of long-life, low-cost, shallow, mechanised mining assets to sustainably deliver improved returns for all its stakeholders.
IMPALA PLATInUM HOLdInGS LIMITEd
4%Impala Share
Ownership Trust
13%Minorities
27%Tubatse
Platinum, Mmakau Mining, Marula
Community Trust
54%African
Rainbow Minerals
26%Ba-Mogopa
Platinum Investments
85%Platinum
Group Metals,
Mnombo, JOGMEC
50%Sibanye-Stillwater
Impala
Two Rivers
Zimplats
Afplats
Marula
Waterberg Impala Canada
Mimosa96% 87% 73% 50%
46% 74% 15% 100%
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IMPALA, is 96% owned by Implats and has operations situated on the western limb of the world-renowned Bushveld Complex near Rustenburg in South Africa. This operation comprises a multi-shaft mining complex and concentrating and smelting plants. The base and precious metals refineries are situated in Springs, east of Johannesburg.
• Mining operations are conducted in terms of contiguous mining and prospecting rights over a total area of 29 773 hectares. These were converted into new order rights in 2008 and awarded for a 30-year period.
• Mineral Processes, comprising the concentrator and smelting plants, is located on the mine property near Rustenburg. Here, mined ore as well as toll material, is converted into smelter matte prior to refining.
• Refineries, including base metal and precious metal refineries, are located in Springs.
IMPALA REFINING SERVICES (IRS), wholly owned by Impala, houses the toll refining, metal concentrate and matte purchases built up by Implats. IRS, situated in Springs some 35 kilometres east of Johannesburg in South Africa, provides smelting and refining services through offtake agreements with Group companies (except Impala) and third parties.
MARULA, is 73% owned by Implats and is one of the first operations developed on the relatively under-exploited eastern limb of the Bushveld Complex. It is located in the Limpopo Province, some 35 kilometres north-west of Burgersfort. The operation comprises two decline shaft systems and a concentrator plant. Marula concentrate is processed by Impala Refining Services (IRS) and the final product is sold by the Implats Group.
TWO RIVERS, a joint venture between African Rainbow Minerals (ARM) (54%) and Implats (46%), is managed by ARM. The operation is situated on the farm Dwarsrivier on the southern part of the eastern limb of the Bushveld Complex some 35 kilometers south-west of Burgersfort in Mpumalanga, South Africa. The operation comprises two on-reef decline shafts and a concentrator plant and has a life-of-mine offtake agreement with IRS.
Implats has its listing on
the JSE Limited (JSE) in
South Africa and a Level 1
American Depositary Receipt
programme in the United
States of America.
SHAREHOLDER InFORMATIOn
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ZIMPLATS is 87% owned by Implats. Its Ngezi operation is located on the Hartley Geological Complex on the Zimbabwean Great Dyke approximately 150 kilometres south-west of Harare. The Hartley Geological complex is the largest of the PGM-bearing complexes containing 80% of the PGM resources in Zimbabwe. Zimplats operates four shallow mechanised underground mines and two concentrators at Ngezi. The Selous Metallurgical Complex comprises a concentrator and a smelter.
MIMOSA is jointly held by Implats and Sibanye-Stillwater in a 50:50 joint venture. It is located on the Wedza Geological Complex on the Zimbabwean Great Dyke, 150 kilometres east of Bulawayo. The operation comprises a shallow underground mine, accessed by a decline shaft, and a concentrator.
IMPALA CANADA is a pure-play palladium producer, 100% owned by Implats, and comprises the Lac des Iles Mine northwest of Thunder Bay, Ontario, Canada and ownership in two Canadian exploration properties, the Sunday Lake Project and the Shebandowan Joint Venture. Lac des Iles, features a unique ore body, modern infrastructure and advanced underground technologies. The operation comprises an underground mine, surface mining activities, and a concentrator plant.
South AfricaUnited States of America 20%
Rest of Europe
Asia
United Kingdom52%
10%
5%
4%
Geographical distribution of beneficial shareholders
(30 June 2020)
Zimplats MarulaMimosaLac Des Iles
Afplats
Two RiversWaterberg
37% 7%9%
2%2%
8%2%
Attributable Mineral Resources (277 million attributable 6E ounces
as at 30 June 2020)
Other 9%
Impala 33%
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SHAREHOLDER InFORMATIOn cont.
Pt Rh OPGMsPd
Conventional Mechanised Hybrid
Mineral reserves by asset
Mining Method and Depth
Res
erve
s, k
oz
6E
25 000
U
20 000
15 000
500
10 000
1 000
5 000
1 500
0
2 000
dep
th a
nd m
inin
g m
etho
d
MINING METHOD BY RESERVE
Mechanised 64%
Hybrid 5%
Conventional 32%
GEOGRAPHIC SPLIT OF RESERVES
Pt Pd Rh OPGM
South Africa 47% 33% 61% 52%
Zimbabwe 52% 51% 39% 44%
Canada 1% 16% 0% 3%
Impala ZimplatsMarula MimosaTwo Rivers Lac des Iles
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OPERATInG STATISTICS
Gross refined production FY2020 FY2019
6E (000oz) 2 813 3 074
Platinum (000oz) 1 349 1 526
Palladium (000oz) 892 910
Rhodium (000oz) 181 206
Nickel (000t) 15.4 16.1
IRS metal returned (toll refined)
Platinum (000oz) 0.1 0.7
Palladium (000oz) 1 3
Rhodium (000oz) – –
Nickel ('000t) 3.0 3.5
Sales volumes
6E (000oz) 2 793 3 049
Platinum (000oz) 1 371 1 515
Palladium (000oz) 872 929
Rhodium (000oz) 174 206
Nickel ('000t) 11.0 13.0
Prices achieved
Platinum (US$/oz) 885 827
Palladium (US$/oz) 1 896 1 185
Rhodium (US$/oz) 6 870 2 568
Nickel (US$/t) 14 109 12 649
Consolidated statistics
Average exchange rate achieved (R/US$) 15.31 14.20
Closing exchange rate for period (R/US$) 17.38 14.09
Revenue per 6E ounce sold
(US$/oz) 1 624 1 112
(R/oz) 24 863 15 790
Tonnes milled ex mine (000t) 19 576 19 469
Group unit cost per 6E ounce (stock adjusted)
(US$/oz) 851 838
(R/oz) 13 345 11 886
Key financial performance FY2020 FY2019
Revenue (Rm) 69 851 48 629
Gross profit (Rm) 23 271 6 838
Profit/(loss) before tax (Rm) 23 030 3 299
Profit/(loss) for the year (Rm) 16 484 1 179
Headline earnings (Rm) 16 126 3 038
Dividends (cps) 525 –
Gross profit margin (%) 33.3 19.2
Capital expenditure (Rm) 4 488 3 786
Cash net of debt/ (debt net of cash)
(Rm) 5 748 1 075
Cash generated from operations (Rm) 19 760 11 844
Key non-financial performance
Fatality injury frequency rate (pmmhw*) 0.050 0.047
Lost-time injury frequency rate (pmmhw*) 4.54 5.30
Total injury frequency rate (pmmhw*) 11.30 12.70
Employees (including contractors)
(no) 50 744 50 712
Employee turnover (%) 6.9 8.7
Energy consumption ('000GJ) 16 777 16 863
Water consumption (Mℓ) 43 122 39 894
Water reused/recycled (Mℓ) 19 094 16 748
Total direct SO2 (tonnes) 26 778 29 635
Total direct CO2
(tonnes 000)
419 411
Share performance
Headline earnings/(loss) per share
(cents) 2 075 423
Closing share price (R) 116 107
Market capitalisation (R billion) 93 68
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IMPLATS – KEY STATISTICS
COnTACT dETAILS
HEAd OFFICE
2 Fricker Road, Illovo, 2196
Private Bag X18, Northlands, 2116
Tel: +27 (11) 731 9000
E-mail: [email protected]
www.implats.co.za
Group Executive: Corporate Affairs
Johan Theron
Tel: +27 (11) 731 9013
E-mail: [email protected]
Executive: Corporate Affairs
Emma Townshend
Tel: +27 (21) 794 8345
E-mail: [email protected]
Group Head: Corporate
Communications
Alice Lourens
Tel: +27 (11) 731 9033
E-mail: [email protected]
dECEMBER 2020